Dynamic Advisor Solutions LLC Has $677,000 Position in CME Group Inc. (NASDAQ:CME)

Posted by Defense World Staff on Mar 24th, 2023

Dynamic Advisor Solutions LLC grew its holdings in shares of CME Group Inc. (NASDAQ:CME – Get Rating) by 30.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,025 shares of the financial services provider’s stock after acquiring an additional 951 shares during the period. Dynamic Advisor Solutions LLC’s holdings in CME Group were worth $677,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CME. Power Corp of Canada bought a new position in shares of CME Group during the 1st quarter worth about $26,000. MayTech Global Investments LLC purchased a new stake in shares of CME Group during the 1st quarter worth approximately $36,000. EWG Elevate Inc. purchased a new stake in shares of CME Group during the 4th quarter worth approximately $27,000. Covestor Ltd grew its stake in CME Group by 65.7% in the 1st quarter. Covestor Ltd now owns 169 shares of the financial services provider’s stock valued at $40,000 after buying an additional 67 shares in the last quarter. Finally, Vigilant Capital Management LLC grew its stake in CME Group by 108.4% in the 3rd quarter. Vigilant Capital Management LLC now owns 173 shares of the financial services provider’s stock valued at $31,000 after buying an additional 90 shares in the last quarter. 85.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on CME shares. Morgan Stanley raised their price target on shares of CME Group from $196.00 to $201.00 and gave the company an “equal weight” rating in a report on Monday, February 13th. Credit Suisse Group lifted their price objective on shares of CME Group from $192.00 to $198.00 and gave the stock an “outperform” rating in a report on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of CME Group from $200.00 to $218.00 in a report on Thursday, February 9th. Piper Sandler dropped their price objective on shares of CME Group from $270.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Finally, Citigroup dropped their price objective on shares of CME Group from $214.29 to $210.00 in a report on Thursday, January 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $219.83.

CME Group Stock Performance

CME opened at $180.03 on Friday. The company has a fifty day moving average of $181.26 and a 200 day moving average of $178.46. The stock has a market capitalization of $64.76 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 3.58 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. CME Group Inc. has a fifty-two week low of $166.54 and a fifty-two week high of $249.32.

CME Group (NASDAQ:CME – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.90 by $0.02. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. CME Group had a net margin of 53.61% and a return on equity of 10.43%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.66 EPS. As a group, sell-side analysts forecast that CME Group Inc. will post 8.46 earnings per share for the current fiscal year.

CME Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 27th. Stockholders of record on Friday, March 10th will be given a $1.10 dividend. The ex-dividend date is Thursday, March 9th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.44%. This is an increase from CME Group’s previous quarterly dividend of $1.00. CME Group’s payout ratio is presently 59.54%.

About CME Group

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CME Group, Inc operates a derivatives marketplace, which offers a range of futures and options products for risk management. Its exchanges offer a range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange (FX), energy, agricultural commodities and metals.